The Capital One Venture X Business card is the business version of the award-winning Capital One Venture X Rewards Credit Card. The Venture X Business offers great bonuses, generous rewards, and luxury perks, all these for a reasonable annual fee. If you were looking for a credit card for your small business, this card is worth closer attention.
Who Is the Capital One Venture X Business Card Good For?
While the Venture X Business card is full of benefits for businesses, there are some nuances. First of all, the card requires an excellent credit score. Second, like many business cards, it is a charge card, which means the card balance must always be paid off in full every month. Thus, you must be absolutely sure you will be able to pay your balance in full every month.
The card is also good for high spenders who want flexible travel benefits along with business-grade perks. If you use the card’s travel-related benefits, including an unlimited Priority Pass, statement credits for TSA PreCheck or Global Entry and anniversary bonuses, you will be able to offset the card’s annual fee. However, if those are not the services you normally purchase, you will need to spend about $20,000 in card purchases to break even against the annual fee.
Sign-Up Bonus and Annual Bonuses
The Venture X Business card comes with a generous welcome offer. New applicants can earn 150,000 bonus miles for spending $30,000 in the first three months of account opening. This bonus is equal to an impressive $1,500 when redeemed to cover travel purchases.
Another bonus you can get with the Venture X Business card is 10,000 bonus miles after your anniversary each year, starting with your first anniversary.
Miles Earning
The Venture X Business card has a simple earning structure. Plus, it offers ways to earn additional miles on specific purchases. Here’s what you can earn with the card:
- 10X miles on hotels and car rentals booked through Capital One Travel
- 5X miles on flights booked through Capital One Travel
- 2X miles on all other purchases.
What Do Your Miles Get You?
There are several ways you can redeem your miles. The most valuable redemption option is to transfer miles to any of Capital One’s 15+ hotel and airline loyalty programs.
If you are not loyal to any airline, you can use Capital One Travel to book an award travel. Even simpler way to redeem is for a statement credit to cover travel expenses made with your card within 90 days of purchase.
Other ways to redeem are gift cards and cash back. But we wouldn’t recommend redeeming your miles for cash back as you’ll get much lower value per mile with this option.
Venture X Business Card Usage Perks and Benefits
– $300 annual travel credit for bookings through Capital One Travel
– Complimentary Priority Pass™ membership with unlimited visits for you and 2 guests
– Unlimited free visits to Capital One Lounge for you and 2 guests
– Up to $100 statement credit on Global Entry or TSA PreCheck®
– Free employee cards
– Customized spending limits for employee cards
– No preset spend limit
– Year-end summaries with itemized spending
– Purchase records
– Virtual card numbers
– Transaction details
– Pick your own monthly due date
Usage Quirks:
– The card balance must always be paid off in full every month
– $395 annual fee
How does the Venture X Business Compare to Other Business Cards?
The Capital One Venture X Business card may lack business perks you were looking for in a business credit card. Or you don’t spend enough to earn the welcome bonus on the card. In this case you may want to consider other options to see if they are a better fit.
| Capital One Venture X Business | Chase Ink Business Preferred | The Business Platinum Card® from AmEx | |
|---|---|---|---|
| Annual Fee | $395 | $95 | $695 |
| Welcome Offer | 150,000 bonus miles when you spend $30,000 in the first 3 months after account opening | 100,000 bonus points after you spend $15,000 on purchases in the first 3 months after account opening | 120,000 Membership Rewards® points after you spend $15,000 on eligible purchases in the first 3 months |
| Anniversary Bonus | 10,000 bonus miles every year, starting on your first anniversary | no | no |
| Rewards Earning | - 2X miles on every purchase - 5X miles on flights booked through Capital One Travel - 10X miles on hotels and rental cars booked through Capital One Travel | - 3 points per $1 on the first $150,000 spend in combined purchases on shipping purchases, internet, cable, phone services, advertising purchases, and travel - 1 point per $1 on all other purchases - 5x total points on Lyft rides through March 2025 | - 1.5X points on eligible purchases in key business categories, as well as on each purchase of $5,000 or more everywhere else, on up to $2 million of these purchases per calendar year - 5X points of flights and prepaid hotels booked on AmexTravel.com - 1X points on other purchases |
| Annual Credits | - $300 annual travel credit for bookings through Capital One Travel - Up to $100 statement credit on Global Entry or TSA PreCheck® - $100 Premier Collection experience credit | no | - $150 Adobe credit - Up to $120 wireless telephone service credit - Up to $200 airline fee credit - $189 CLEAR® Plus credit |
| Complimentary Lounge Access | Capital One Lounge Priority Pass™ | no | The Global Lounge Collection |
| Business Perks & Benefits | - Free employee and virtual cards - No preset spend limit - Year-end summaries - Purchase records - Account managers | Employee cards at no additional cost | - $400 Dell Technologies credit - $360 Indeed credit - No preset spending limit |
| Transfer Partners | yes | yes | yes |
| Travel Portal | Capital One Travel | Chase Ultimate Rewards® | American Express Travel |
Additional Cardholder Benefits:
– Automatic payments with AutoPay
– Virtual card numbers
– $0 fraud liability
– Transaction details
– Recurring transactions
– Spend limits for employee cards
– Miles transfer to 15+ travel loyalty programs
– Access to luxury hotels and resorts from the Premier Collection
– No foreign transaction fees
– Fraud and security alerts
– Extended warranty
– Customer support
Bottom Line
The Capital One Venture X Business card can be a great option for small businesses with big expenses. The welcome offer is enticing but has a spending requirement that may be hard to meet for businesses that do not put a significant amount of spending on their credit card. Apart from the welcome offer, the card offers simple rewards structure, business related benefits and travel perks using which it will be easy to offset the card’s annual fee. However, if you want to get welcome offer or need a card that would earn elevated rewards on business expenses, you should opt for a different card.